Stock Indices at halfway mark

2019 had been volatile for stock indices so far. In May 2019, there was a sell-off of stocks. The stock markets recovered in June 2019 in anticipation of a good outcome of trade talk between President Trump and President Xi Jinping today (29 June).

All stock indices were all positive at halfway mark with Nasdaq gaining 20.7% followed by Shanghai Composite index gaining 19.4%. Singapore STI was up 8.2%.

Stock Indices 31-Dec-18 28-Jun-19 YTD Change
Nasdaq (USA) 6,635.28 8,006.24 20.7%
Shanghai Composite 2,493.90 2,978.88 19.4%
Germany DAX 10,558.96 12,398.80 17.4%
S&P 500 (USA) 2,506.85 2,941.76 17.3%
Australia All Ordinaries 5,709.40 6,699.20 17.3%
CAC 40 (France) 4,730.69 5,538.97 17.1%
Dow Jones (USA) 23,327.46 26,599.96 14.0%
Hang Seng (HK) 25,845.70 28,542.62 10.4%
UK FTSE 100 6,728.13 7,425.63 10.4%
Mumbai BSESN 35,935.31 39,394.64 9.6%
STI (Singapore) 3,068.76 3,321.61 8.2%
Nikkei 225 (Japan) 20,014.77 21,275.92 6.3%

We have to bear in mind that 2018 was a particularly bad year for almost all stock indices. See table below. Shanghai Composite lost 24.6% last year. It had not recovered fully in 2019. Whereas, the three US stock indices did exceptionally well so far.

Stock Indices Change in 2018
Nasdaq (USA) -3.9%
Shanghai Composite -24.6%
Germany DAX -18.3%
S&P 500 (USA) -6.7%
Australia All Ordinaries -7.5%
CAC 40 (France) -11.0%
Dow Jones (USA) -5.6%
Hang Seng (HK) -13.6%
UK FTSE 100 -11.8%
Mumbai BSESN 5.5%
STI (Singapore) -9.8%
Nikkei 225 (Japan) -12.1%

The truce on trade tariffs between US and China today would provide some calm to the stock markets in the near term. However, I am not too excited with the stock markets till the end of this year.

Copyright © 2019, limkimtong for Living Investment

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